earnings
confidence high
sentiment negative
materiality 0.75
Filana Therapeutics reports 2025 net loss of $91M; cash burn guidance and TSC program clinical hold detailed
FILANA THERAPEUTICS, INC.
- Net loss $91.0M ($1.88/share) vs $24.3M ($0.53) in 2024; cash $95.5M at Dec 31, 2025.
- Est. cash at June 30, 2026 at $47-50M; net cash use H1 2026 $14-17M plus $31.25M litigation settlement payment.
- R&D expenses fell 62% to $26.6M after Alzheimer's program phase-out; TSC program on clinical hold since Dec 2025.
- G&A expenses $68.8M include $31.3M securities litigation contingency; no insurance recoveries.
- Name change to Filana Therapeutics reflects focus on filamin A modulation for TSC-related epilepsy.